Trending Articles

The downside of the hot 2020 housing market: rapid home-price growth

Housing Wire

Demand for housing was strong in early 2020, before the COVID-19 crisis hit. Mandated shut-down measures and the fear of what COVID would do to our economy temporarily immobilized the housing market, evinced by nine weeks of declines in the weekly purchase applications data on a year-over-year basis.

Knowledge Is Power on the Path to Homeownership

Keeping Current Matters

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back.

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5 Tips for Homebuyers Who Want to Make a Competitive Offer

Keeping Current Matters

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer.

Home Appraisal: What to Know About House Appraisals

Maximum Exposure Real Estate

Understanding Home Appraisals Are you interested in understanding what to expect from your home appraisal? Real estate appraisals are an integral part of purchasing and selling a property, particularly if the buyer is seeking funding from a lender.

Pre-Sale Updates and Repairs

RIS Media

When you market your listings, you want prospective buyers to focus on what’s great, not what needs fixing or is in poor condition. Sellers can do a lot to make sure their home shows well and will get better offers than those that are in obvious need of TLC.

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Toronto Condo Prices Down Over $20k From Peak, As Inventory Doubles

Better Dwelling

Greater Toronto real estate is on fire… just not condo apartments, which is seeing a lot of sellers. Toronto Regional Real Estate Board (TRREB) data shows condo apartment prices slid for a fifth month in October. Condo sales are fairly in line with last year’s numbers, except in the city.

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More Trending

Home Inspections: What to Know About a House Inspection

Maximum Exposure Real Estate

What Buyers and Sellers Need to Understand About a Home Inspection Are you going to be getting a home inspection? Home inspections are a vital part of the real estate transaction process, so it makes sense to learn as much as you can about them.

12 Proven Strategies to Get More Seller Leads in 2021

The Close

If you’ve worked in real estate for more than 30 seconds, you’ve probably come to the (painful) realization that 1. you NEED seller leads to become a top producer, and 2. finding and converting seller leads is hard work. First, you need to have a thick skin to handle rejection after rejection.

Vancouver To Triple Empty Home Tax To 3% In 2021

Better Dwelling

Vancouver is doubling down on the success of its vacant home tax…well, tripling down, technically. The Vancouver Empty Homes Tax (EHT) will be tripled from its original rate for the 2021 assessment year.

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Record low mortgage rates hold steady at 2.72%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history.

Your House May Be High on the Buyer Wish List This Holiday Season

Keeping Current Matters

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring.

Luxury Real Estate Headlines: Final Week in November 2020

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Orem, Utah | Kerry Oman , Summit Sotheby’s International Realty .

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4 Steps to a Successful First Year in Real Estate

RIS Media

As many tenured agents can attest, the first year in real estate can be grueling. And while some agents make big money very early , many don’t.

Canada Announces A National Foreign Buyer Tax Is Coming Next Year. It’s Useless

Better Dwelling

Canada’s getting serious about housing supply… or at least trying to make you think it is. The Government of Canada (GoC) made its economic statement yesterday, including a plan to tax non-resident homeownership. The tax, which may be rolled out within the next year, sounds aggressive.

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These markets are attracting the most out-of-state real estate investors

Housing Wire

The pandemic has shifted the pecking order of the real estate industry’s location-location-location axiom for many homebuyers — high-cost and high-density urban is out, while suburban is back in vogue and rural is experiencing a bit of a revival.

Is Buying a Home Today a Good Financial Move?

Keeping Current Matters

There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.”

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Sault Ste. Marie’s Gary Trembinski: From shy kid to top producer

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Sault Ste. Marie’s Gary Trembinski: From shy kid to top producer.

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Buyers Can Now Access Flood Data on Realtor.com®

RIS Media

Last August, realtor.com® began displaying flood risk information on for-sale properties across the United States.

Toronto’s Real Estate Board Tells Brokers Stop Showing More Than 2 Years of Sold Data

Better Dwelling

Toronto’s golden age of real estate brokerage innovation is coming to an abrupt end. Toronto Regional Real Estate Board (TRREB) sent a memo this week, on sold data. The board informed brokers they will only be allowed to show two years of data going forward.

Fannie Mae, Freddie Mac conforming loan limits increase for 2021

Housing Wire

The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. This is a 7.5% increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA.

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Is it better to refinance with your current lender?

The Morgtage Report

It's not always better to refinance with your current mortgage lender. In fact, there's a good chance another lender can offer you a lower rate. Here's why. Mortgage Rates Refinance Gina Pogol Housing Mortgage mortgage rates Rate Shopping Real Estate

Inside Montecito’s Villa Bencistà

Sotheby's International Real Estate

Most dreams of living “la dolce vita” involve an escape to the Italian countryside, but this magnificent 12,247-square-foot villa in Southern California affords a more approachable stateside version of the sweet life.

You Should Probably Replace Some of Your Fabric Face Masks

RIS Media

(TNS)—If your masks are beginning to feel as old as this pandemic, it’s probably time to get yourself some new ones. The Centers for Disease Control and Prevention advises using masks that have at least two layers of tightly woven, washable, breathable fabric, such as cotton.

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Toronto and Vancouver Permanent Resident Declines Get Larger

Better Dwelling

Permanent resident growth, previously a large driver of real estate demand, is still largely absent these days. Government of Canada (GoC) data shows permanent resident arrivals are still down sharply in Q3 2020. Toronto and Vancouver are seeing declines get even larger, from previously big drops.

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The best new home sales report ever

Housing Wire

Sometimes keeping things simple makes the message more clear. I have been consistent in my stance that during the years 2008 to 2019, we had the weakest housing recovery ever. I said that housing starts would never start a year at 1.5 million until we reached the years 2020-2024.

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Who pays closing costs? And how can buyers avoid them?

The Morgtage Report

Who pays closing costs? Usually the buyer and seller both do. But as a home buyer there are ways to avoid closing costs or at least reduce them.

Outsourcing Social Media in Your Real Estate Business: The Pros and Cons

McKissock

Social media is a tactic every broker and commercial real estate firm should be utilizing to market themselves and their properties. Social selling allows for real estate agents to establish themselves as thought leaders and a source of expert knowledge for both clients and consumers.

Pending Home Sales Dip Slightly in October

RIS Media

Pending home sales dipped slightly in October, according to the latest report from the National Association of REALTORS® (NAR). The Pending Home Sales Index (PHSI), which is a forward-looking indicator of home sales based on contract signings, declined 1.1 percent to 128.9

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Canada’s Money Supply Is Growing At The Fastest Rate In Over 30 Years

Better Dwelling

Canada’s narrow money supply is pointing to a big return to production and consumer spending. Bank of Canada (BoC) data shows the M1+ gross money supply reached a new all-time high in September.

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New home sales juggernaut continues

Housing Wire

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% below September’s 1,002,000 revised rate but still a massive 41.5% higher than the same time last year, according to the Census Bureau and the Department of Housing and Urban Development.

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